As Christmas passes once again, we turn our eyes towards the Christians who have lived in the Middle East for 2,000 years, woven into the very fabric of society. Yet, as Pope Benedict XVI has warned, churches in the Middle East "are threatened in their very existence". Christian communities have faced asphyxiation in Iraq, executions in Iran, decimation in Palestine, suffering and hardship in Egypt, and they share in the daily terrors in Syria.
During his visit to Lebanon earlier this year, Pope Benedict told Christians that they should "fear not because the universal Church walks at your side and is humanly and spiritually close to you".
This is a moment to reflect on whether, in reality, other Christians do walk with their persecuted coreligionists of the Middle East; whether they are - both humanly and spiritually - at the side of their brethren.
Reflecting on a different time of persecution, St Maximilian Kolbe - the Catholic saint who volunteered to die in the place of a stranger at the Auschwitz concentration camp - said: "The most deadly poison of our times is indifference."
We all risk indifference, captivated by the imagery of the New Testament - the babe in the swaddling clothes and the mother and her child - but ignoring those trapped by waves of intimidation and violence, whose faith is their only crime.
Throughout the past year, the crisis for Christians in the Middle East has deepened - and 2013 promises to be no better.
The region's largest Christian population is in Egypt - and during the Arab Spring, Christians joined with Muslim neighbours in the pro-democracy demonstrations in Tahrir Square. But they had barely taken their banners home before Salafist groups began to foment sectarian violence against the Copts.
The Egyptian Muslim novelist, Alaa Al Aswany, put it well when he said: "We can expect Islamists to use the democratic system merely as a ladder to power, which they will climb up and then kick away so that no one else can use it."
That is precisely what has happened and why passage of the new constitution in Egypt, which entrenched the Muslim Brotherhood, has seen moderate Muslims, secularists and Christians again in Tahrir Square, demonstrating this time against a new regime.
None of this bodes well for Egypt's Christians. In November, a blindfolded boy pulled one name from a list of three to select Egypt's new Coptic Pope, Bishop Tawadros, as the leader of the region's largest Christian minority. Pope Tawadros will be leading a church that is under systematic attack.
Little wonder that more than 100,000 Copts left Egypt in a recent nine-month period. They were coerced, according to Naguib Gabriel, director of the Egyptian Union of Human Rights Organisations, "by threats and intimidation of hard-line Salafists, and the lack of protection they are getting from the Egyptian regime".
Paradoxically, 2,000 years ago Mary and Jesus of Bethlehem found a refuge in Egypt after fleeing the violence and mass murder of children by Herod.
And what would they find in Bethlehem today? In 1947, the population was 85 per cent Christian, but is now as low as 15 per cent. There would be few Palestinian Christian families, as Christians now account for only about 50,000 who live in the West Bank, East Jerusalem and Gaza.
In nearby Lebanon, the Christian community has declined from 75 per cent to 32 per cent of the population. In Iraq, the cradle of ancient churches - and now the scene of their annihilation - hundreds of thousands have been part of an exodus of Biblical proportions. In the 1987 census, there were 1.4 million Christians in Iraq; today, there may be fewer than 150,000.
And what of Damascus? Many Iraqi Christians did, indeed, take the road west, fleeing to what they imagined to be the safety of Syria, only to find themselves caught between a rock and a hard place. The charity Aid To The Church In Need has reported about one village where 12,000 people, many of whom are Christians, are trapped without bread and other basic necessities.
That charity recently brought Bishop Antoine Audo of Aleppo to Britain, where I met him in parliament. He told me about the effect of the civil war in Syria on his diocese of Aleppo, its ancient Christian community and relations between the faiths. Speaking about the suffering of Syrians, he called on the British government to do more to stand up for individuals' rights to choose their faith. Does anyone really believe that Syria's opposition will do this?
How a country treats minorities is a test of its claim to be civilised, and religious freedom has been described as the pinnacle of all other freedoms. Consider that, in the context of the depredations occurring in Syria and across the region.
Bishop Audo paints a dire picture of innocents caught in the crossfire: "Aleppo, the city I love so much and where I have been bishop (for) 20 years, is now devastated." Cultural collaboration and stability have been replaced by fear and anarchy.
Syria had long been regarded as an example of peaceful coexistence between Muslims, Christians and Druze. The Christian communities made up about 10 per cent of the population (about 2.6 million), one of the largest minorities in the country. Inevitably, as the violence escalated, many Christians chose to flee. Homs has lost an estimated 80,000 of its Christian inhabitants.
Bishop Audo understands why Christians are leaving Syria, but he is also certain that Christians in the region are a safeguard for Muslims who believe in tolerance and coexistence. Without Christians, the whole region will be poorer. He firmly believes that Arab Christians have a vital contribution to make to Syria and the whole Middle East. It's a pity that western leaders don't believe that too.
Lord David Alton is an independent member of Britain's House of Lords and a professor of citizenship at Liverpool John Moores University
Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
The finalists
Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho
Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson
Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)
Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)
Club of the Year: Bayern Munich, Liverpool, Real Madrid
Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)
Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola
Brief scoreline:
Tottenham 1
Son 78'
Manchester City 0
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
MADAME%20WEB
%3Cp%3EDirector%3A%20S.J.%20Clarkson%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Dakota%20Johnson%2C%20Tahar%20Rahim%2C%20Sydney%20Sweeney%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Racecard
6.30pm: The Madjani Stakes (PA) Group 3 Dh175,000 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh165,000 (D) 1,400m
7.40pm: Maiden (TB) Dh165,000 (D) 1,600m
8.15pm: Handicap (TB) Dh190,000 (D) 1,200m
8.50pm: Dubai Creek Mile (TB) Listed Dh265,000 (D) 1,600m
9.25pm: Handicap (TB) Dh190,000 (D) 1,600m
The National selections
6.30pm: Chaddad
7.05pm: Down On Da Bayou
7.40pm: Mass Media
8.15pm: Rafal
8.50pm: Yulong Warrior
9.25pm: Chiefdom
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
MATCH INFO
Qalandars 112-4 (10 ovs)
Banton 53 no
Northern Warriors 46 all out (9 ovs)
Kumara 3-10, Garton 3-10, Jordan 2-2, Prasanna 2-7
Qalandars win by six wickets
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter